Business Setup in Dubai Studio City (DSC)

INTRODUCTION

Dubai Studio City was established in 2005. Just like a number of other free zones, it is part of the TECOM Investments. It is quite similar to Dubai Media City as it caters to media as well, such as Dubai freezone companies that are looking to build movie studios, sound stages, etc. for their needs.

Business setup in Dubai Studio City is also ideal for those businessmen who are looking to establish academies for film and television, entertainment, hotels (for the accommodation of crews and casts), etc.

It can be said that this Dubai free zone authority is considered as a world-class hub. The industry for media production, music and entertainment, and broadcast belong in this zone. Its infrastructure and support system say a lot to what it can offer to the needs of the business owners and what their companies require. This is why a business setup in Dubai free zones for this kind of industry is usually done in Dubai Studio City.

Before investors go ahead and worry for TECOM registration and licensing, they can choose what type of business they should be running: Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign/UAE Company, and Freelancer Permit.

Business setup in Dubai Studio City, like any other UAE free zones, has procedures that should be followed by everyone in order for them to have a successful Dubai free zone company formation. Since business setup in Dubai is not advisable to be taken lightly, it is essential to reach and get in contact with certain people before you take a step forward with Dubai free zone company formation, and they are the business setup consultants in Dubai. Admittedly, almost all UAE and Dubai freezone companies were established through the help of consultants. It is no surprise that business setup in Dubai Studio City has been rising because it’s being noticed by other investors not just by its unique features but also by the success of company formation that’s been happening in its location.

These business consultants in Dubai play a big role for business owners to be properly informed with regard to business setup in Dubai free zones and everything else they want to know. It is helpful that the correct information is obtained by the investors before they finally decide which zone they want to form a company in. When businessmen have the details about TECOM license fees and Dubai free zone company registration fee, it can help them create a budget plan that will serve beneficial for the accounting and financial side of things. It can prepare them for the coming costs that they need to endure for the setup. Moreover, it can add to a well-detailed budget plan when they have the right information on Dubai freezone company setup cost as it further determines how much they need to spend.

The consultants are not only there for you to pose your question about how to open a company in Dubai free zone or finally ask your Dubai free zone license cost inquiry. They are also available to let you know about the documents required for trade license renewal in Dubai for your future reference. Ultimately, they are there to serve their purpose of being the people to take care of your business setup affairs while you simply wait for the needed documents to finally start.

Having the right people on your side, your business setup company in Dubai will be done successfully and in no time.

BENEFITS

Business setup in Dubai free zones is the common venture that business owners invest in. For businessmen who are into entertainment, movie production, and the likes, they come to Dubai Studio City for freezone company formation since its facilities and solutions meet the exact requirement that their companies demand.

A lot of benefits are offered by this location. Investors find these advantages as huge bonuses for their venture. The list of this Dubai free zone benefits are listed below:

100% foreign ownership

As most people know, in the UAE mainlands, a local sponsor is needed for a business formation in Dubai. This local sponsor will have 51% of the shares of the company that is established. However, business setup in UAE free zones mean that a local sponsor is needed to begin a formation, hence, you are allowed to have 100% ownership of your own company.

Location

Business owners who decide to conduct a free zone company setup in Dubai Studio City will enjoy the busy area of the city. Aside from being only half an hour away from the international airports, it is also near to Downtown Dubai and Jumeirah Beach since it is situated right at E311 and E611 highways.

Tax exemption

On 1 January 2018, the value-added tax (VAT) has been implemented in the UAE and applied to some goods and services. Although it is seen as a quite heavy news by some people, it should also be noted that the government didn’t mandate that corporate and income taxes should be paid. It is still a huge advantage especially for investors who are looking for this kind of tax exemption.

There are a lot more that DSC has to offer to business owners who are interested in entertainment. Below is the list of additional benefits that this zone can offer:

100% repatriation of capital/profits

No currency restrictions

Low-cost operations

Excellent infrastructure

Excellent support services

Simplified incorporation process

Hassle-free company laws and legal framework

24-hour visa services

Quick access to knowledge workers due to fast-track immigration process

BUSINESS ACTIVITIES

It is essential to check the business activities that are allowed in a location before going through a Dubai free zone company registration. In Dubai Studio City, there are a number of business activities that it allow in their location, such as the following below:

Broadcast TV

Broadcast radio

Broadcast support services

Broadcast service providers

Animation

Film support services

Film, TV, Radio production

Production support services

Music and entertainment

Theme amusement and recreation facilities

TECOM general

SUPPORT SERVICE

FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)

Representing the client in front of the authorities

Assisting the client in bank account opening

Assisting the client in account opening with the Ministry of Labour

Assisting the client in account opening with the UAE immigration

Assisting the client in leasing a premise as an address for the business

TIMELINE/PROCEDURE

After your application is approved, the authority will issue an initial approval for your business. The next steps that will be taken are as follows:

Choose a ready-fitted office space from (DSC) selection that’s the most appropriate size and layout for your business requirements

Or decide whether you’ll require DSC-regulated contractors for fit-out service for your office or if you’ll be doing that independently

Then, once the office is finalized, the following steps will be taken:

Lease agreement will be prepared

Office keys can be collected

After that, we will start the preparation of the legal documents and summation.

When all the above is complete, your business license will then be issued along with the share capital certificate if the capital is paid in full.

The procedure of processing your Dubai free zone company registration will range from 2 to 4 weeks

No objection letter by the current sponsor, for the manager (if a resident of UAE and a UAE employment visa-holder)

Initial approval(s) from the third authority(s) in case your business activities required such approvals, e.g., media, IT, pharmaceutical

Business plan (we offer business-plan-writing services)

A legal representative (negotiator)

Additional Documents Required for a Corporate Shareholder and for Branch

Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin.

Board resolution to be resolute by the board of directors of your existing company/entity at the place of origin, expressing intent of establishing a new setup abroad—it must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).

Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation of your existing company/entity attested and notarized by the UAE Embassy

FEES

Dubai Studio City Company Setup Cost:

The below table shows the estimated cost of business setup in Dubai Knowledge Village, which also includes Dubai free zone license cost. If need be, you can contact us for further clarification and information.

Dubai Free Zone Company Formation Cost – DKP Table of Estimated Government Cost and Professional Fees

Trade License Option/Activity

Cost in USD

Cost in AED

Industrial License

USD 2,570

AED 9,375

Commercial License

Specific Trading

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

General Trading License

USD 5,135

AED 18,750

Service License

Specific Services

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Freight Forwarding

USD 2,910

AED 10,625

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

Our Firm’s Professional Fees

USD 5,000

AED 18,365

ATTENTION – NOTE

All fees for government and related authorities are estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.

RELATED SERVICES

Besides our job of helping you with your company setup in Dubai, we have more services that we can offer to help you to start your company: